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There is a 87.5% chance of NZDUSD trending downwards

Based on the last 12 RBA Interest Rate Decision events in Australia, we could see a $570 movement on NZDUSD within the next 12 hours. NZDUSD could trend downwards for the next 12 hours because the released value is = 4.35%

Historical events that allowed us to draw this conclusion

05 Dec 03:30
07 Nov 03:30
03 Oct 03:30
05 Sep 04:30
04 Apr 04:30
07 Mar 03:30
07 Feb 03:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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